Audit Quality: Auditors' Professionalism and Objectivity- A Review of Literature

Abstract

Many have argued that auditors' professionalism and objectivity beget audit quality and as such audit quality cannot be different from the system that produces it but in order to resolve these contending views of audit quality, this views the two important inseparably attributes of Audit Quality that are auditors' competence Auditors competence (professionalism/expertise) and Auditors independence (objectivity). This paper discussed the different points of view for regulators and practitioners. Information for this study was obtained from secondary sources to include journals, text books and other internet materials. The study aims to explore the capability and expertise of the auditors meaningfully impact the audit quality. Moreover, this study found that effective preparation and superiority control played an essential role. According to this research, it is also necessary to increase the objectivity and professionalism of auditors to improve the audit quality. The research adopts an exploratory approach in that it reviews and discussed various literature on the subject matter to support its findings and recommendation Furthermore, this article intends to review the theoretical aspects and empirical evidences made on Agency theory and Stewardship theory can be used to analyse how regulation might influence professionalism and independence to impact overall audit quality. A government internal supervisory tool maintains independence and auditors maintain objectivity.